About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×
Revolving Loan Funds Update
September 11, 2018
Subscribe
View Archives
Revolving Loan Fund Finance Update

Features

FL Future Fund Could Support Resilient Infrastructure Across the State
To safeguard Floridians against the impacts of sea level rise and extreme weather, the Center for American Progress and the CLEO Institute recommend that state leaders create a "Florida Future Fund." This state fund would use a blend of public and private investment to support innovative transportation and energy infrastructure projects and flood protections.

State Revolving Loan Funds Could be Key to Disaster Recovery
States need a stable source of funding to mitigate flood risk before waters rise, and a state revolving loan fund program would provide just that. FEMA and states would contribute money to set up loan funds, creating a cost-sharing partnership. States would then administer the funds through low-interest loans.

RLF Money Available for Participants in The Blueprint Training Program in Milwaukee, WI
Backed by money from the city of Milwaukee, Northwestern Mutual and the Milwaukee Institute, The Blueprint is tailored for startups in the areas of technology, e-commerce and advanced manufacturing. The Milwaukee's Legacy Redevelopment Corp. will provide participants access to capital of up to $200,000 through a newly established revolving loan fund.

Five Small Businesses Receive Funding from New Erie, PA Program
The City of Erie recently handed out a total of $20,000 to five local small businesses. It was the first round of what has become a competitive grant program from the city. The five local small businesses get a $4,000 boost thanks to this new grant program using interest from the city's revolving loan fund.

Assisted Living Facility Development Could Add Capital to Hartford, VT RLF Program
The funds would come to the town as a grant, and subsequently be loaned to The Village after terms of repayment are coordinated between the town and the company. Hartford would be eligible to keep 50 percent of the repaid funds, possibly to be used in its municipal revolving loan fund to assist other development projects.

Several Loan Funds Utilized in Financing Package for Downtown Bennington, VT
The project's first phase includes redevelopment of the Hotel Putnam, the adjacent former Courthouse or Pennysaver Press building and the Winslow building, as well as the cleanup and repurposing of a brownfields area on the four-acre project site.

Southern MS Planning and Development District of Gulfport Receives $1M Grant for RLF
The funds will provide a cash infusion for the organization's Revolving Loan Fund – a program that helps supplement small businesses and entrepreneurs in the region. According to the organization's estimate, the project is expected to help create 168 jobs, retain 59 jobs and spur $4.8 million in private investment.

Chesterton Economic Development Co. Making $120K Available Through RLF
With $120,000 in the revolving loan fund, Ton, CEDC's president, said they are seeking applications for loans of any size and for any idea, from paint to signs, furniture and equipment. "We are looking for them to use it to upgrade things, to bring their businesses up to date," Ton said.

Upcoming Events
CDFA National Development Finance Summit

CDFA EDA Revolving Loan Fund Webinar Series: Solutions for Revolving Loan Fund Servicing
October 16, 2018 - 2:00 PM Eastern
Awarding the loan is just the beginning of a longer process. In order to be successful, RLF staff must maintain regular communication with the borrower and provide ongoing loan servicing. Listen as our expert speakers discuss options for loan servicing and best practices for choosing the right fit based on your RLF portfolio.

Headlines

Historic Washington Foundation Awarded $325K MO Tax Credit
The Missourian | Sep. 4 | Revolving Loan Funds (RLFs) | Tax Credits

Cody, WY Returns Leftover Loan Funds from Sewer Lagoon Project
Cody Enterprise | Aug. 28 | Infrastructure Finance | Revolving Loan Funds (RLFs) | State Finance Program | Water Finance


New Additions to the Online Resource Database

20th Anniversary Drinking Water State Revolving Loan Fund (DWSRF) Report
Infrastructure Finance | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA) | Water Finance
This document is the 2017 Annual Report from the U.S. EPA regarding the Drinking Water State Revolving Fund. It contains recent highlights, future opportunities, infrastructure fund activity, set-asides activity, a 2017 financial statement, and success stories.

CDFA EDA Revolving Loan Fund Webinar Series: Strategies for Addressing Non-Performance and Loan Defaults
Revolving Loan Funds (RLFs) | U.S. Dept. of Commerce (DOC) | U.S. Economic Development Administration (EDA) | Webcasts
Successful RLF programs always make every attempt to craft a good loan. Some businesses, though, will inevitably struggle to repay. How your fund handles loans and borrowers during this difficult period can help minimize losses and maximize recovery. As part of the CDFA EDA RLF Best Practices Program, this webinar highlighted a variety of corrective action strategies and proactive approaches that can successfully reduce defaults. Speakers on this webinar included Amanda Peterson with Colorado Lending Source, Michelle Beecher with Rural Nevada Development Corporation, and Rachel Baldini with First state Community Loan Fund.


The Council of Development Finance Agencies (CDFA) is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private, and non-profit entities alike. For more information, visit www.CDFA.net or email info@cdfa.net


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


Install CDFA's iOS appInstall CDFA's Android app

ARCHIVES

Displaying 1 - 26 of 26

September 11, 2018
August 14, 2018
July 10, 2018
June 12, 2018
May 8, 2018
April 10, 2018
March 13, 2018
February 13, 2018
January 9, 2018
December 12, 2017
November 14, 2017
October 10, 2017
September 12, 2017
July 11, 2017
June 13, 2017
May 9, 2017
April 11, 2017
March 14, 2017
February 14, 2017
January 10, 2017
December 13, 2016
November 8, 2016
October 11, 2016
August 8, 2016
June 14, 2016
May 17, 2016




CDFA National Sponsors

  • Alaska Industrial Development and Export Authority
  • Baker Tilly Virchow Krause
  • Ballard Spahr LLP
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd, LLC
  • Grant Thornton LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • MB Financial Bank, NA
  • McCarter & English, LLP
  • McGuireWoods
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Squire Patton Boggs
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
Become a Sponsor